Posted by klee > 2 months ago | Report Abuse

soyabean dropped 20%,add on ringgit appreciated 14%
RM 3 is no brainer

Posted by BornToSpeculate > 2 months ago | Report Abuse

Dont forget subsidy will be reflected in the coming QR and can expect more interim div

Posted by Sslee > 2 months ago | Report Abuse

The question why chase up Teo Seng but not LTKM?

Posted by BornToSpeculate > 2 months ago | Report Abuse

For so many reasons. Teo Seng is no 1 producer, most efficient. Highest margin. Cash rich. Related to LHI.

Posted by harvest6138 > 2 months ago | Report Abuse

We should see one off 26mil gain (sold Singapore asset ) as well .. If government paid all the subsidy on time , teh next QR profit may be is another record high again with all these income ...

Posted by TSN001 > 2 months ago | Report Abuse

If i am not mistaken, Singapore asset was sold at almost book value, so no disposal gain.

Posted by harvest6138 > 2 months ago | Report Abuse

The Disposal Consideration is expected to be used by Teo Seng and/or its subsidiaries
(“Teo Seng Group”) for repayment of bank borrowings and/or working capital.

Management invested this asset in 2015 , and the currency is 1 to 2.69 at that time , even they sold at book value , should see some cash return based on currency and depreciated value in past 9 years.. that shall make their cash position stronger that before ..

Posted by cchin > 2 months ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/AmInvestResearch/2024-09-27-story-h470078242-Stock_on_Radar_Teo_Seng_Capital_TEO_SENG

Posted by Trianon > 2 months ago | Report Abuse

Teo Seng continues to egg-celerating 🚅

Posted by klee > 1 month ago | Report Abuse

Poultry stocks flying to the moon.
RM3 for teoseng is fair n reasonable.

Posted by Simonalibaba > 1 month ago | Report Abuse

Teoseng fair value 3.03

Posted by LubeTrader > 1 month ago | Report Abuse

@Simonalibaba, how do you derive at this value? You better not pluck from the sky lo....haha

Posted by Trianon > 1 month ago | Report Abuse

That's is egg (ache) -ing 🤕

Posted by hng33 > 1 month ago | Report Abuse

https://www.thestar.com.my/news/nation/2024/10/09/govt-considers-ending-chicken-egg-subsidy-says-mat-sabu

Posted by LubeTrader > 1 month ago | Report Abuse

Good news for egg producers in the long run but the brekky roti telur price will go up for sure

Posted by stncws > 1 month ago | Report Abuse

Later bomb shell coming...

Posted by hng33 > 1 month ago | Report Abuse

The impact on egg producer is alike last year chicken producer ending subsidy, stock like CAB earning decrease significantly after chicken subsidy ended

Posted by stncws > 1 month ago | Report Abuse

Suppoelrt rm2.20

Posted by hng33 > 1 month ago | Report Abuse

The major impact after ending gov subsidy will increase egg market competition, as egg producer cannot rely on subsidy as profit. Egg producer will force to launch price war to protect their market share

Posted by harvest6138 > 1 month ago | Report Abuse

Based on Q2 result, Teoseng still can make EPS 8sens without the subsidy (they receive 900k of subsidy in Q2 only , that is insignificant )..

Posted by hng33 > 1 month ago | Report Abuse

The problem is other egg producers will compete aggressively with teoseng, as without gov subsidy other egg producer need greater promotion to fight market share and their profit.

Therefore, once gov end egg subsidy, active competition among egg producer will increase instead of current more passive competition due to gov subsidy support

Posted by hng33 > 1 month ago | Report Abuse

The subsidy for chicken was terminated on Nov 1 last year, following which, the supply and price of chicken became more stable.

"When we took the unpopular decision of ending the chicken subsidy, many people belittled our efforts, saying that the price of chicken would soar.

Alhamdulillah, after the subsidy was terminated, the price of chicken no longer soared, and more importantly, the country benefited by saving RM100mil a month," he said – Bernama

Chicken price before subsidy cut amd ceilings price cap is RM 9.40/kg

After gov remove ceilings price and end chicken subsidy, market selling for chicken now at around RM 8/kg. Main chicken stock listed in bursa are CAB, CCK and Mflour (dinding)

Posted by cchin > 1 month ago | Report Abuse

Mixed reactions. Long awaited subsidy removal. Long term good prospect for Teo Seng

Posted by LubeTrader > 1 month ago | Report Abuse

In 2022, Malaysia exported $154M in Eggs. The main destinations of Malaysia exports on Eggs were Singapore ($138M), Hong Kong ($6.73M), Brunei ($3.24M), Maldives ($2.04M), and Timor-Leste ($1.5M).

Posted by Trianon > 1 month ago | Report Abuse

awesome, Teoseng is still egg-celerating regardless subsidy cancellation

Posted by katara > 1 month ago | Report Abuse

Given the economies of scale and its integrated business model, Chew(Lhi CFO) believes Lhi and its subsidiary Teoseng will be well shielded from any adverse effects (removal of subsidy for chicken eggs). --The Edge 14.10.2024

Posted by katara > 1 month ago | Report Abuse

no news of removal in budget 2025 is good news for chicken eggs

Posted by LubeTrader > 1 month ago | Report Abuse

Congrats to all holders unfazed by the news of the subsidy removal. Those with the gumption to buy in on the sell-off on that fateful day is laughing all the way to the bank today.

Posted by LubeTrader > 1 month ago | Report Abuse

Teo Seng Capital (TSCB MK, NOT RATED, FV: MYR4.26)
“Egg-ceptional” Value, Golden Yields Ahead
Trading Idea

♦️ MYR4.26 FV based on 7.5x FY25F P/E. Teo Seng Capital is well-positioned to sustain strong earnings through cost efficiencies and steady demand driven by population growth and tourism. Benefiting from favourable market conditions ie strengthening MYR and lower feed costs, its resilient performance is further supported by its planned distribution centre in Pahang, which will bolster supply chain efficiency for its top mini-market chain client. With attractive dividend yields of 10.3% (annualised) and 7.2% for 2H24F and FY25F, TSCB should be rerated from its low 4.2x FY25F P/E.

♦️ Link to report: https://research.rhbtradesmart.com/files_preview?hash=8c38140e-e63f-4b00-9ce9-098d5f963c18

Posted by Simonalibaba > 1 month ago | Report Abuse

https://research.rhbtradesmart.com/files_preview?hash=8c38140e-e63f-4b00-9ce9-098d5f963c18

Posted by Simonalibaba > 1 month ago | Report Abuse

I am also too lazy to speak about it Already. Just enjoy the reaping own self and dance own self , shock sendiri cukup

Posted by Simonalibaba > 1 month ago | Report Abuse

3.5 already syok until cannot speak

Posted by BornToSpeculate > 1 month ago | Report Abuse

@simonalibaba long time no see bro. your still here. i thought u sold off earlier

Posted by cchin > 1 month ago | Report Abuse

TEO SENG CAPITAL BERHAD ("TSCB" OR THE "COMPANY")

PROPOSED BONUS ISSUE OF 300,008,175 NEW ORDINARY SHARES IN TSCB ("TSCB SHARES" OR "SHARES") ("BONUS SHARES") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 1 EXISTING TSCB SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE")

Posted by katara > 1 month ago | Report Abuse

Ts last bonus issue was Jan2015 1:2

Posted by Abba84 > 1 month ago | Report Abuse

Eggs dropped, despite bonus! 🧐 Y?

Posted by katara > 1 month ago | Report Abuse

buy

Posted by cchin > 1 month ago | Report Abuse

heading to 3.00 before Q3 report announcement in Nov

Posted by katara > 1 month ago | Report Abuse

above 3 b4 bonus issue ex ..

Posted by Trianon > 1 month ago | Report Abuse

very very egg-cellent price movement and expect q3 report will be egg-cellent too 😀

Posted by katara > 2 weeks ago | Report Abuse

this QR is going to be v good

Posted by katara > 2 weeks ago | Report Abuse

the last QR/Q4 will be very good too

Posted by TSN001 > 1 week ago | Report Abuse

What a big disappointment!! good results, good dividend, good prospects, but......

Posted by troy88 > 1 week ago | Report Abuse

Bursa is a joke of a pump and dump market.

Posted by katara > 1 week ago | Report Abuse

just keep ..

Posted by markgold > 1 week ago | Report Abuse

What is the relationship of this Malay girl with Teo Seng ??? Is she eat Teo Seng eggs every day ???

Posted by StarOfTheBull > 1 week ago | Report Abuse

Bigger dividend is needed to boost the share price. Another benefit is to avoid that 2% dividend tax next year. See Lysaght, MSC and Kossan.

Posted by markgold > 1 week ago | Report Abuse

If Teo seng is in IT industry, the share price easily above RM5.00

Posted by Trianon > 1 week ago | Report Abuse

If Teo Seng expanded into plantation field before, it would be RM5 now. ha

Posted by markgold > 5 days ago | Report Abuse

Lack of big investors, the share price drop bit by bit.